Day: April 29, 2025

Image: Robert /stock.adobe.comChinese café chain Luckin Coffee Inc. has released its unaudited financial results for Q1 2025, reporting significant growth in average monthly transacting customers, store-level operating profit, and overall net revenue. Overall, Luckin Coffee has reported a total net revenue of more than US$1.22 billion (RMB8,865.4 million), which represents a year-on-year increase of 41.2 per cent
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Image: zakokor/stock.adobe.comThe Colombian Coffee Growers Federation (FNC) and the Specialty Coffee Association (SCA) have signed a Memorandum of Understanding, signifying a huge leap in the enhancement of the differentiation, traceability, and global appreciation of Colombian specialty coffees, according to the two organisations. The new formal agreement builds on collaboration between the two industry bodies on previous
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JAB has announced the retirement of Peter Harf. Image: JDE Peet’sJAB Holdings has announced Peter Harf is stepping down as Chairman and Managing Partner of the global consumer goods giant following four decades with the company. JDE Peet’s falls under the JAB banner, while the company is also a significant shareholder in Keurig Dr Pepper, which owns a string of established coffee brands. Harf will
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